Home > GST > GST- registered businesses > Working out your taxes > Foreign Currency Transactions Accounting for GST when you sell buy in foreign currency , reporting requirements for exchange gains , import losses. On amount of foreign currency. Application for obtaining permission to enter into Rupee / Foreign Currency Drawing Arrangements with Exchange India services, just like on other commodities a tax is levied on foreign exchange transactions too. Aug 24 · Invoicing has changed due to GST processes have been updated to follow the GST compliances.Increased GST on foreign exchange. Gst on forex. Gst on forex. What is Goods and Service Tax slab rate Foreign Exchange Broker?
18 % of the gross amount of currency subject to minimum amount of 45. is there any notification regarding this.
Jul 05, · The possible rate of GST on currency exchange ( which will be calculated on the value of supply) is 18 per cent.